Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 2
Type of classes: Nappali Language: angol Semester: 2019/20/1
 
Level: Mérnök informatika MSc angol nyelvû ; ERASMUS;
 
Responsible Teacher: Dr. Medve András Teacher(s): Dr. Szekeres Valéria;
Consultations (total/week): Heti Lectures: 2 Practice lectures: 0 Labs: 0 Consultations: 0
 
Type of Exam: félévközi jegy
 
Aim of the subject: The course provides students with an understanding of conventional macroeconomic thinking so that they can understand the essential principles of
how the economy of nation states functions in a globalised world. Students will be able to understand the causes of economic problems and the
relevance of monetary and fiscal policy in dealing with such problems. Students will be able to use the knowledge gained to understand everyday
macroeconomic events.
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
presentations,
part and final
oral/written exam etc.): 		Absence must not exceed the level given by Study and Examination Rules. Written test will be in class in week no. 8 and 13. At least 50% of total
points of the 2 tests is required. If 50% is not attained, extra test opportunity is provided in week no. 14, and in the first 10 days of the exam
period with the payment of examination fee. This test is based on the whole curriculum. The tasks are theoretical and practical. Presentation is
optional.
 
Week of
semester		 Topics of lectures/practices
1. Basic Terms of Economics. Measuring Economic Output
2. Circular Flow of Income
3. Components of Aggregate Demand and Aggregate Supply
4. Money and Banking. Monetary Policy. Inflation
5. Economic Growth, Business Cycles
6. Labour Market and Unemployment
7. Government. Fiscal Policy
8. Test 1
9. Open Economy. Exchange Rate
10. Balance of Payments
11. International Trade
12. European Union
13. Test 2
14. Replacement Test
 
Type of evaluation,
repetition, calculation
of grade, etc. 		If 50% of total points of written tests in week no. 8 and 13 is not attained, extra test opportunity is given in week no. 14, and in the first 10 days of the exam period.
Intervals of the grade:
under 50%: 1 (unsatisfying)
50-62 %: 2 (pass mark)
63-74 %: 3 (satisfactory mark)
75-86 % 4 (good)
87-100% 5 (excellence)
Type of evaluation,
repetition, calculation
of grade, etc. 		Test with theoretical and practical tasks
 
Compulsory literature: P. A. Samuelson, W. D. Nordhaus: Economics (2010) (related chapters)
Suggested literature: Begg, Fisher, Dornbush: Economics, McGraw-Hill Education (11th Edition)